While, in practice, most transactions are recorded in a subsidiary record, any transaction could be posted in the general journal.

Question

Quizplus · Accepted Answer

While it is true that most transactions are recorded in subsidiary records such as the sales journal, purchases journal, and cash receipts journal, any transaction could technically be posted in the general journal if needed. However, it is not the most efficient or common practice to do so.

While, in Practice, Most Transactions Are Recorded in a Subsidiary